Monica bought a $1250 laptop computer for 20% down and payments of $200 per month (except for a smaller final payment) including interest at 15% compounded monthly. Construct the full amortization schedule for the debt. Calculate the total interest paid.

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The Answer of Monica bought a $1250 laptop computer for 20% down and payments of $200 per month (except for a smaller final payment) including interest at 15% compounded monthly. Construct the full amortization schedule for the debt. Calculate the total interest paid.

Monica Bought a $1250 Laptop Computer for 20% Down and Payments